Amkor Technology Sees Unusually Large Options Volume (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors bought 40,007 put options on the company. This represents an increase of 1,004% compared to the average volume of 3,623 put options.

Insider Buying and Selling

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Institutional Trading of Amkor Technology

Several hedge funds and other institutional investors have recently made changes to their positions in AMKR. Norges Bank acquired a new stake in Amkor Technology during the 4th quarter worth approximately $32,479,000. UG Investment Advisers Ltd. acquired a new position in shares of Amkor Technology during the first quarter worth $21,057,000. Vanguard Group Inc. grew its stake in shares of Amkor Technology by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after purchasing an additional 1,092,002 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after purchasing an additional 925,644 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after purchasing an additional 556,761 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Price Performance

Shares of NASDAQ AMKR traded up $0.16 during trading hours on Friday, hitting $17.55. 2,113,765 shares of the stock were exchanged, compared to its average volume of 1,750,436. Amkor Technology has a 1-year low of $14.03 and a 1-year high of $44.86. The company's fifty day simple moving average is $18.65 and its two-hundred day simple moving average is $23.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The company has a market cap of $4.34 billion, a PE ratio of 12.27 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, sell-side analysts predict that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were given a $0.0827 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.88%. Amkor Technology's dividend payout ratio is presently 23.08%.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Finally, Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and decreased their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.50.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.